Business Law Insights: Stay Informed, Stay Ahead
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Why Your Business Attorney Should Review Contracts at Least Once a Year
Contracts are the backbone of any business, shaping relationships with clients, vendors, employees, and partners. Yet, too often, businesses sign agreements and then forget about them—until a problem arises. An annual contract review by a business attorney can help...
BUSINESS SUCCESSION PLAN
While there is not a definitive plan regarding business succession, there are a few key points a company should consider for business succession planning: Identify Key Roles: Determine which positions are critical to your business’ daily operations and long-term...
LLC vs. Corporation: Which Structure is Right for Your Business?
Choosing the right legal structure is an important decision for anyone. Limited Liability Companies (LLCs) and corporations are among the most popular choices. Both offer liability protection, but they differ in terms of taxation, management, and flexibility. Here’s a...
Recent BOI Ruling
In a significant development, a federal court in the Eastern District of Texas has reinstated the Beneficial Ownership Information (“BOI”) reporting requirements under the Corporate Transparency Act (“CTA”). This ruling came after a nationwide injunction was lifted,...
2025 Updates for Corporations/LLCs
Annual Reports: Corporations and LLCs must file an annual report every year. You can complete this process through the Secretary of State’s website, or I can handle it. Failure to file your annual report can lead to the State dissolving it, leaving you with no legal...
FIFTH CIRCUIT REINSTATES BOI FILING
The Financial Crimes Enforcement Network (“FinCEN”) has recently reinstated and extended the deadline for entities to file beneficial ownership information. This change comes after a federal appeals court lifted a nationwide injunction against the reporting...
BOI/Corporate Transparency Act Injunction
The other day, the U.S. District Court for the Eastern District of Texas entered a nationwide injunction related to the CTA. It said, “[t]he Court has determined that the CTA and Reporting Rule are likely unconstitutional for purposes of a preliminary injunction. It...
Why Small Businesses Should Outsource Their HR Departments
Running a small business in Massachusetts comes with its own set of challenges, especially regarding employment law. Understanding these laws is essential to avoid costly legal mistakes. Here's a look at some critical aspects of Massachusetts employment law and the...
SUCCESSOR LIABILITY IN CORPORATE TRANSACTIONS
I’m always reading recent case law reports to see what is happening in business law. A recent case, Prism Group Inc. v. Slingshot Technologies Corporation, highlighted the complexities of corporate liability. This case dealt with the legal responsibilities of...